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afternoon, hid their bodies in the bedroom, and then had a big party saturday night after posting invitations on facebook. hadley is charged with two counts of first degree murder. >>> after the battle over raising the debt limit. today the house is scheduled to take a largely symbolic vote on a republican-backed measure that has virtually no chance of passing in the senate. a just-released cbs news poll finds 48% disapprove of how the president is handling the negotiations. congress fares even worse, 58% disapprove of how democrats are handling it, and 71% disapprove of what republicans are doing. tara mergener is in washington with more on this. good morning, tara. >> good morning, betty. no question, there is a lot of pressure all the way around here. and options are getting fewer and fewer, as the deadline looms. house republicans are on track to pass a plan that would raise the debt limit, for a price. >> we can no longer borrow 40 cents out of every dollar in this country. that's why we must pass cut cap and balance. >> reporter: the tea party backed proposal would let the g
're coming back to court at a later date? we will discuss that. >> that's a big question right now. >>> let's start with this. first, runway collision between two jets in boston last night. nearly 300 people on board and two delta jets preparing for takeoff from logan international. both departures to an abrupt stop stop. >> reporter: both planes were preparing to take off when this collision happened. no one seriously injured. the passengers we talked with say they felt a jolt and that was pretty shocking but, overall, everyone remained calm. it happened about 7:40 thursday evening. the wing of delta flight 266 a jumbo jet, clipped the tail of a delta commuter flying atlantic southeast flight 1904 heading for raleigh, north carolina. those in the cockpit remained calm. >> going to have to wait here for a moment. i think we hit the r.j. off of her left with our wing. >> reporter: the planes were on taxiways that run nearly perpendicular to each other. the 76. was moving. the smaller plane was stationary and received the most damage as the left wing of the la
wragge. >> and i'm erica hill. >> big sports news this morning. >> huge. >> you had to see it. everybody is talking about it. women's world cup soccer, after one of the most thrilling goals in the history of soccer, male or female. ali creager here. >> they tie it up. >> at that point, everyone is saying to themselves, lights out. it's over. then it comes to the shootout. they take it 5-3 over brazil. now they're in the semi finals. >> they'll meet france on wednesday. just fantastic to watch. i love watching the players, how excited they are. no joke, of course, when it comes to soccer. >> this came 12 years to the day after they won the world cup. >> is that when that happened? >> when the whole shirt came off. do you remember that? >> i do. >>> first we're going to touch on, yes, the debt ceiling. the deadline is looming for raising the federal debt ceiling. there were more talks at the white house sunday. still no resolution. president obama has told lawmakers, be prepared to meet again today and every day until a deal is reached. cbs news senior white house correspondent bill plante
trying to do something big. >> reporter: the president said he understands boehner's control of the republican house is limited. >> i think he's a good man who wants to do right by the country. i think that it's a... as chip alluded to, the politics that swept him into the speakership were good for a midterm election; they're tough for governing. >> reporter: but it's time, the president said to put politics aside and make some tough decisions. >> it's not going to get easier, it's going to get harder. so we might as well do it now. pull off the band-aid. eat our peas. >> reporter: scott, the president said that failure to reach a deal could lead to another recession that could be so deep that millions more americans could lose their jobs. >> pelley: chip, stay with us as we go over to nancy cordes on capitol hill. nancy, john boehner, the republican speaker of the house, pushed back today. >> reporter: scott, speaker boehner was not swayed by the president's call for a compromise on taxes. >> the american people understand that tax hikes destroy jobs. the last thing we shoul
connell blamed the breakdown on the white h insistence on new tax revenue. >> to get a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult ment. shannon box it's a terrible idea. it's a job killer. >> reporter: democratic congressman hollen said republicans were at fault for refusing to budge on new revenue. >> at the end of the day, what we're seeing is that the priority of our republican colleagues is not to get a deficit reduction deal; it's to protect special interest tax breaks for big corporations. after a meeting the leaders left the white house without appearing before waiting reporters, sources tell cbs news they will meet again tomorrow with the president as time continues to run out. >> i do believe that -- this week and certainly by the end of next week we have to have agreement on the outlines of a package. it has to be clear that the leadership has found a way to solve this and they have a path to get votes for something. >> reporter: the president went into tonight's meeting ready to push for his grand bargain, the $4
decade. the key thing here is this is the first so-called big idea with support from influential lawmakers on both sides of the aisle. last night, the republican-led house pass its preferred solution to solving the crisis known as the cut, cap, and balance act, the legislation cuts federal spending by $6 trillion and requires a constitutional balanced budget amendment in exchange for raising the debt ceiling but the bill is expected to die in the senate. the president's focus was on the plan forged by the so-called gang of six. >> it's time to get down to the business of actually solving this problem and i think we now are seeing the potential for a bipartisanship consensus around what that would take. >> reporter: the plan calls for an immediate deficit cut of $500 billion and mandates spending caps through 2015 and require congress on find specific cuts in medicare, defense spending, agricultural and energy. it would phase in the lower inflation measure for social security and scale back, but not eliminate, deductions for mortgage interest and charity and retirement counts and
happened this weekend for granted. >> we'll have a big period like we did this time around to really do the outreach so everybody understands. >> part two of this demolition project is doesn'ted to take 53 hours as well, however, instead of three concrete girters that need to come down, there will be four next year, and instead of two concrete columns, there will be twice as m. today the man in charge wants to use the same tactic to get people not to get into their cars next summer. however, the big question is how many people will do that considering what happened this weekend. for now, we're in the -- pass. >> all right. live in los angeles, thank you. >>> thousands of soccer fans watched the women's world cup final on the big screen today. a free public viewing of the game was held at civic center plaza in san francisco. u.s. soccer team facing japan in what was an exciting game. going into penalty kick. jennifer is going to have complete highlights in sports, not going to give it away. >>> a free woman and no one knows where she is, not even her mother. >> she's going to need some i
exercise before the big day. and they do this in the absence of any weather breeze, if you can believe it or not. the expected high today is 95. the heat index, 98. officials here say no matter what, these horses will run. opening day at america's oldest sporting r ining venue is a sum ritual. they are monitoring conditions and expect the races to go on as planned despite a predicted heat index of 100. races have been postponed only once before due to hot weather, during the summer of 2006. all along the east coast, people trying to enjoy the dog days of summer are feeling the heat. out in outdoor rock concert in new jersey, even preventive measures couldn't keep 100 people being treated for symptoms of heat exhaustion. at least one person was taken to the hospital. in the nation's capital it felt like 112 degrees thursday. paramedics were called to treat at least two people who collapsed on sidewalks around the city. rescue workers are responding to an increase number of incidents. >> last two days alone, we have run over a thousand calls. >> reporter: across the potomac river no one
much buildup. at the mercy of mother nature and that is the big story all morning but looks like things look pretty good around you right now so our fingers are crossed and hoping for the best. >> consensus is positive. as for this morning's scheduled law firm we don't know if mother nature will cooperate but we are watching closely. cbs news correspondent bob orr has the latest for us this hour on the launch. >> reporter: "atlantis" is ready to go. no technical issues. the astronauts are now strapped into the spacecraft. the weather is still iffy and the launch is still uncertain. despite diminishing hopes for a friday liftoff, nasa overnight pumping 500,000 of liquid fuel in the large orange external tank of shuttle lnts"atlantis." they are continuing their final preparations for launch but for the past two days the weather at kennedy space center has been horrible. a lightning strike hit launch pad 39a on thursday. forcing nasa engineers to recheck critical systems and more storms are possible today. the shuttle can't blast off if there is rain or lightning
reports indicate a tire blowout may be to blame. >>> at least eight people were injured when a big stage collapsed at a music festival in ottawa, canada. the band cheap trick was playing at the ottawa blues fest yesterday evening when a severe thunderstorm hit. the band got off the stage safely. one person was seriously injured. >>> to the dangerous heat wave that's baking much of middle america with many areas suffering through triple-digit temperatures the oppressive and sticky weather isn't going away any time soon. it's expected to last all week and headed east. this morning at least 15 states are under excessive heats advisories, warnings or watches. most are in the midwest where cooling centers are overcrowded. cynthia bowers reports. >> reporter: it's been so hot for so long in oklahoma the government called for a statewide day of prayer in hope of some divine intervention. for 47 straight days, temperatures in oklahoma city have been 90 or more. there's been only one day below 100 so far this month and it's expected to be 100 degrees or more through at least friday. this summer s
, this could be their first world cup victory since 1999. they are going to have a big screen in effect at the civic center if you want to check that out. festivities start at 11:00 this morning. >> everybody has been worried about armageddon, but san francisco is really dealing with a broad closure of its own. >>> yeah, senator mark leno's contribution of gay and lesbian communities and the challenges they face as a polling booth. we'll be right back. ,,,,,,,,,,,,,, the golden gate bridge this morning. >> a live look across the golden gate bridge. you will want to give yourself some actual time if you're planning on crossing that bridge this link are you southbound and northbound connections to the golden gate bridge in sentences of our close right now. so is the macarthur tunnel. that's part of the construction project area during tonight's closure, they will complete the transition from temporary traffic lanes to the new permanent drought. everything is scheduled to reopen this morning at 11:00. certainly, avoid that area. looks like traffic is running rather smoothly, but certainly
schieffer. well, there are two big stories in the news tonight, that explosion in oslo, and in washington late developments in the argument over how to find a way to cut the federal budget and raise the debt ceiling. we're going to begin with that story tonight. republican house speaker john boehner now says he is done negotiating with the president and will try to deal directly with senate leaders. within minutes after saying that the president came to the white house briefing room to say boehner was taking the wrong tack. >> i was willing to take a lot of heat from my party and i spoke to democratic leaders yesterday, and although they didn't sign off on a plan, they were willing to engage in serious negotiations, despite a lot of heat from a lot of interest groups around the country, in order to make sure that we actually dealt with this problem. >> schieffer: the president went on to say that speaker boehner would not return his phone call and he asked congressional leaders from both parties to come back to the white house tomorrow morning for some new talks. we're going first to the
and ended their talks on the so-called big deal, so cut the debt by $4 trillion over a decade, which he said the two men had been discussing since january. a republican source posted the -- close to the negotiate says the deals are producing little progress at this point. the white house says the president did not abruptly leave the room, he simply made his views very clear on the need to compromise, stood and said see you tomorrow. >> mitchell: chip reid, thank you very much. senior business correspondent anthony mason is here now. let's go back to the news from moody's. what exactly does that mean? >> moody threatened to do this last month. today the rating agency cited its concerns that the debt limit will not be raised on a timely basis, leading to a default on a u.s. treasury obligation. in moody's words, the risk of a short-lived default was small but rising. standard and poors put u.s. credit on negative outlook back in april citing the same concerns. this is basically another warning shot, russ, telling congress they're running out of time. >> mitchell: how soon could all this happen
with it, instead pushing for smaller $2 trillion measure. >> a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. we think it's a terrible idea. it's a job killer. >> reporter: even some democrats are raising concerns about the president's plan especially cuts to medicare and other social services. >> we said we're not going to end to medicare guarantee. >> reporter: president obama scheduled a news conference this morning before the news conference this morning. >> the president made it clear he's willing to do very difficult things for him, for his party but the republicans have to do some things, too. >> reporter: if a deal to raise the debt ceiling is not approved by august 2nd, the treasury department says the government will run out of money to pay its bills and the new head of the international monetary fund warns the impact could be felt worldwide. >> interest hikes, stock markets taking a huge hit and real nasty consequences. >> reporter: as negotiations drag on, credit agencies are threatenin
. >> and i'm rebecca jarvis. erica hill is off this morning. big bumer for the u.s. women's team. they were expected to win the world cup on sunday. a nail biter right to the end. it touched off huge celebrations in japan, where they're still recovering from the disasters, the earthquake, tsunami from early this spring. we'll have more on the tough loss for the u.s. women and what lies ahead in just a bit. >> so close. >> so close. >>> let's begin with the latest on the british tabloid hacking scandal. on sunday, london's top cop quit over his department's connection to the accused hacker and executive for the london newspaper was arrested. elizabeth palmer is in london with more this morning. liz, good morning. >> reporter: morning, chris. when this whole affair exploded exactly two weeks ago today, nobody dreamed how many powerful, high profile people would be dragged in and down. rebecca brooks, the former murdoch editor and british ceo, has now been bailed after her arrest yesterday. she spent several hours answering questions at a police station. there are two criminal inquiries now ge
day in the big city. i'm russ mitchell. >> i'm rebecca jarvis. from the jobs to the royals and the shuttle launch and to betty ford. >> a courageous first lady who battled addiction to pain killers and addiction to alcohol and defeating breast cancer. she died in palm springs, california, she was 93 years old. scott pelley takes a look back at her remarkable life. >> reporter: relatively unknown until her husband became president, betty ford became one of the most popular and respected women in america. born elizabeth anne bloomer april 18th, 1918, she grew up in grand rapids, michigan. she dreamed of becoming a professional dancer and after high school she moved east to study under martha graham, the high priestess of modern dance. she earned a spot in the auxiliary dance troupe but her mother pressured her to leave the troupe in 1941. she performed in her own dance troupe, married and divorced and then met a young man named gerald ford, they married in 1948, weeks before ford was elected to his first term in congress. through the 1950s and '60s, they were a traditional an
's not as risky as an uncontrolled delivery and emergency surgery. so really, three big differences here when you compare it to a standard c-section. time. normally when we do a c-section we can have the baby out in seconds. this operation, as we heard, takes hours, before then the baby was born. also, type of an es 2450esh yeah. the goal in the c-section is to keep the baby awake and the mother calm, with good anesthesia so that the anesthesia doesn't go to the baby. in this case you want that anesthesia to the baby because you don't want the baby moving. in blood loss, in a c-section you want to keep the uterus contracted so you don't lose a lot of blood. this is the opposite. it's incredible. >> nice to have you with us. we'll be right back. >> "cbs healthwatch" sponsored by v-8 v-fusion juice. vegetable and fruit juice that just tastes like fruit. discover customersl are getting five percent cashback bonus at the pump... and at many of the places their summer plans take them. it pays to switch, it pays to discover. you get so hooked you'll want to pass it on to a friend. go to getfreshwithafr
airlines gets set to make a big and expensive announcement. >>> plus new bombshell evidence about casey anthony, did the prosecution intentionally leave out critical testimony? this is the "cbs morning news." specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. from body and bath shops? with olay get what you love at half the price with new olay body collections, tantalizing fragrances and olay moisturizing ingredients that transform lathering into lavishing. olay body collections. discover customersl are getting five percent cashback bonus at the pump... and at many of the places their summer plans take them. it pays to switch, it pays to discover. >>> check this >>> check this out, in canada, an exploding manhole in montreal
one last plea for a grand bargain. >> we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade. >> reporter: if the republicans continue to refuse to compromise on taxes, the president said voters will remember in next year's elections. >> i think what the american people are paying attention to is who seems to be trying to get something done? and who seems to be just posturing and trying to score political points? >> reporter: the president said he's willing to put everything on the table, including democratic sacred cows like social security and medicare, even raising the possibility of higher medicare premiums for upper-income seniors. in return, he called on republicans to agree to tax hikes on corporations and wealthy americans as part of a deal to cut deficits by $4 trillion over the next decade. republican speaker john boehner says there is no chance of that. >> there can be no tax hikes because tax hikes destroy jobs. >> reporter: boehner blamed the president for the impasse. >> we ask the president to lead, we ask h
know we need revenues if we want a big package to solve the deal. now, if it turns out that the other side won't budge on anything, then we're going to be here every day until we get this done. >> senator mcconnell's proposal we mentioned brieflily at the top came after he sat down with the president. what do the white house and other leaders saying about it this morning? >> well, there's a sense of relief. you can almost feel it all across washington today, erica. because senator mcconnell's proposal would help them step back from the brink. the president's spokesperson jay carney said yesterday that default is not an option and they said some positive things about senator mcconnell's proposal. so everyone today is debating that proposal, but there is a sense that it lets some of the pressure off and may help the country avoid default. >> so in some ways, it seems to let some of the pressure off politically because even though the president told you it's time to set politics aside, neither party wants to be the one that causes the u.s. to default. you say a sense of relief. does it s
there will be more pressure on the u.s. to take up the slack. >> we're the big boy on the block, you know. we bring the best equipment. we bring the best training. we bring the best force to bear. others, you know, are operating, but they're operating on a short leash. >> reporter: american service men made out more than half of the multinational crew on board this flight. what's it like to be part of this mission? >> it's good to know that we're doing the right things for the right people. so, overall, it's a rewarding job. >> reporter: especially on nights like this. when the crew was able to come to the aid of one of the most vulnerable parts of libya, the besieged city of misrata. it's just after midnight, and moments ago pilots identified what they believe to be a surface-to-air missile site near misrata. controllers here guided four f-16 fighter jets to the region, where pilots were then given the go-ahead to drop their bombs. each successful strike against gadhafi's forces is a boost for the rebels fighting them. but even with nato's help, progress has been frustratingly slow. >> we're keepi
dollars, subsidies for gas and big oil. the tax for 2% -- >> if i may point out -- >> that's taxpayer money being spend. the definition of spending has to be broadened here otherwise the rules of engagement for compromise -- >> if i may point out something, please. >> go ahead. >> with the passage of obama care, it was the democrats and the president that took $575 billion out of that program. now we have a program that is too expensive to afford. it is an imperative that we put the spending issue, and every economist, liberal or conservative, every ratings agency says what we have to see from the congress of the united states is a plan for how to deal with this out of control federal spending. >> ten seconds from you representative grualba. >> $575 billion part of the health plan, ryan took complete credit as a deficit reduction, i find it interesting. ryan's budget, every republican in the house it's $6 trillion added to the debt. >> we do not have that problem we have a spending problem. >> we see an example of what's going on in capitol hill, we'll be talking about this later on t
degrees. >> reporter: all righty. mbts came first. but now they aren't the only game in town. all the big sneaker companies from puma to reeboks, to sketchers have developed their own line of butt-toning shoes. >> nic shoes. >> reporter: sales of toning shoes have gone up from 145 million in 2009 to a whooping 736 million in 2010. >> increased calorie burn and improved metabolism. >> reporter: each brand has done some kind of scientific research to would have been its shoes are effective. but we talked to the chief science officer for the american council on exercise to get his take. >> none of the major muscles of the lower extremity showed major differences in activity nor did we see any differences in terms of the caloric output. >> reporter: he says the sad truth here is there's no shortcut to getting in shape. so you're absolutely sure that toning shoes are not going to replace me going to a gym. totally sure? >> you know, i would love to tell you otherwise. but based upon our research study as well as the other available evidence, that wouldn't be fair of me to say that. >> reporter
to not go back behind bars. no jail, no prison. the big picture for the state is tree dues the number of prisoners who go back to jail which is about 70% of all california prisoners. >> the idea behind the program is that if you return the jurisdiction, that is the control and responsibility as to how the offender does in the community back to the judges who originally sent the individual to prison, can you change things and get better outcomes? >> reporter: the judge has nearly 2,000 offenders he is personalitily watching over. his courtroom in santa clara county is one of six in the state testing his re-entry court theory where participants are provided housing -- >> can i go back to the prison. >> reporter: are required to stay in drug and alcohol treatment and keep their court dates. >> we do not send people back to prison. use very short jail time to remind them that they need to focus on what they were asked to do and do a better job the day they get out of jail. thus far it's effective. >> reporter: they are not all success stories. >> it means you're not going to be released
: graffiti tags are popping up daily along alum rock avenue big ones, small ones, dozens on a single doorway. >> makes me feel like a slap in the face because i was born and raised here on the east side and live this place. and i'm sure a lot of other people love it here as well. >> reporter: frank cortez is the president of the alum rock business association. >> this is probably done last night because i didn't see it yesterday. >> reporter: he says this constantly tagged wall was just given a fresh cold front paint in preparation for a new store opening up but it's already been tagged. >> i don't think they realize the large amount of money that gets wasted every year on covering up their graffiti. >> reporter: but it's not just an east side problem or just in san jose. cities all across america are experiencing a bumper crop of graffiti tag this is summer, tagging usually does increase during the time kids are out of school. but this year's increase may also be due to the economy. >> they have nothing else to do for entertainment. a can of spray costs four bucks. they go do what they can.
the big forks. >>> all right. biting is not just for chewing food anymore. just ask a chihauhau. his name is paco. he is from los angeles county. and last week, two hoodlums tried to rob an altadena smoke shop. paco who just moved into the neighborhood kept barking and biting at those would-be robbers. he actually scared them off. >> i was shocked! normally he is really laid back. he just sits back and take it easy. so i finally said to him, i told his owner, he finally earned his keep. you been feeding him all this time! >> he certainly did earn his keep. the thugs good way with $200 but luckily, no one was hurt. all thanks to that little 10- pound dog paco. >>> all right. 4:56 now. california's colleges paying out those big salaries while students suffer. the new push to rein in the raising. >>> plus a massive search for a missing wind surfer in the san francisco bay. this coast guard is expected to -- the coast guard is expected to give us an update shortly. while they are still holding out hope that she is alive. >> and a growing sense of anger in the san francisco bayview district a
was a false alarm. the big clock rolled once again. >> going for main engine start. >> reporter: despite lingering concerns about potential rain and lightning-- >> liftoff, the final liftoff of "atlantis." >> "atlantis" roared toward the heavens. >> the space shuttle spreads its wings one final time for the start of a sentimental journey into history. >> reporter: rocketing into the clouds, the shuttle headed for its sunday rendezvous with the international space station, the shuttle carried 10,000 of pounds of equipment and supplies to the space station, enough to last through 2012. >> "atlantis" go at throttle up. >> reporter: a camera on the external fuel tank focused closely on the heat shield on the belly of the orbiter. a preliminary analysis revealed no worries, no indications that the vulnerable insulating tiles suffered any debris damage on launch. for nasa, this was a textbook start for the end, because when "atlantis" comes home, the 30- year shuttle program will be shut down, a sobering reality that tempered today's celebration. of course, there is still plenty of work to do
on tropical storm don expected to be the first big storm to hit the u.s. this year. don is packing 50-mile-an-hour winds and could reach drought-stricken texas within 24 hours. kevin reece of khou is on the coast in corpus christi, texas, for us this morning. >> reporter: corpus christi bracing for tropical storm don and the first tropical storm i can remember covering most of the people are glad this storm is arriving. some precautions are taken but corpus christi hasn't had significant rain in at least four months so people aren't afraid of this tropical storm and welcoming its actively. some recautions are being taken and going through the marina making sure the boats are secure but not worried about moving any of those boats. no evacuations planned. convention and visitors bureau say no extra precautions out of the ordinary are being taken and hotels are still filling up for tourists for the weekend. locals tell me they hope the tropical storm brings what corpus christi desperately needs, 3 to 5 inches of rain. they hope don stay too long but long enough to remind everyone here what ra
and congressmen don't get social security, they get really big pensions for life, so i don't think they really care whether anybody else out there starves. >> clearly, no one is taking this lightly. >> folks depend on it. rebecca, thanks. >>> there is news this morning of another arrest in the phone hacking scandal in britt. in the meantime, rupert murdoch is pressured to appear about lawmakers in london and washington. dana lewis is in london with more on this this morning. >> reporter: we are hearing a ninth person has been arrested. the former executive editor of "news of the world." the late-breaking news this morning is the british government committee issued a summons for rupert and james murdoch to appear before them to answer questions what they knew in the phone hacking scandal but legally a serious question whether they can be compelled to appear. did this control in high gear. rupert murdoch and his son james in london trying to find a way to put out the fire. in a matter of days, their company news corp shut down a newspaper "news of the world." withdrawn a bid for a pay television
hill is off this week. >>> coming up, amazon.com takes on the state of california. pretty big battle here. the world's laenget online retailer is fighting efforts to force it to collect sales tax from its customers the way other stores do. >> california claims it's losing more than a billion dollars to uncollected taxes from internet sellers, and we're going to look at this fierce fight, which is happening in several states. find out if it means that you'll soon be paying taxes on your online purchases. >>> first, though, betty ngyuen is at the newsdesk with another look at our top headlines. >> good morning, guys. good moerning to you. america's longest running manned space program ended this morning. >> landing here, down and locked. >> the shuttle "atlantis" touched down early this morning at florida's kennedy space center. it is the final landing for the shuttle program, which began 30 years ago. and after touchdown, the four "atlantis" astronauts walked off the space shuttle for their last time and shook hands with nasa officials. >>> in other news, media baron rupert murdoch is
to jump-start the economy if it doesn't improve soon. that gave stocks a big boost. the dow gained almost 45 points while the nasdaq was up 15. >>> numbers released overnight show foreclosures fell nearly 30% in the first half of the year but that's not because of any actual improvement in the housing market. analysts say paperwork and procedural delays are pushing the process further and further back, an estimated 1 million foreclosures that should have taken place this year will now happen in 2012 or later. >>> chrysler is recalling its best selling vehicle, more than 240,000 ram pickup trucks from 2008 through 2011 are being recalled because of a steering problem, a part near the left wheel can fracture and cause loss of steering, a few minor crashes have been reported. chrysler will fix the problem free of charge. >>> and a solution may be brewing to the minnesota government shutdown. it's all about the beer, made by the miller coors brewing company. it may have be taken off store shelves because the company's sales licenses have expired and there are no state workers working who can
affordable, offer more flexibility. >> i don't miss property taxes. i don't miss big utility bills. >> reporter: jonathan fitzgerald sold his five bedroom suburban house two years ago and moved to an in-town apartment. his mortgage was $12,000 a month, his rent is $4,500. >> now i want to be closer to the office, i want to be close to my friends and all the restaurants and places that i go to on a regular basis. >> reporter: it's a trend developer rick caruso noticed years ago. he builds outdoor malls based on old urban models: retail below, apartments above. >> this is a cultural shift with the dollars following. net positive for the economy. net good for the economy. >> reporter: since the recession, caruso has invested $260 million in apartment projects. he's banking the apartment boom won't slow down any time soon. bill whitaker, cbs news, los angeles. >> schieffer: europe's most active volcano has surged to life again and it is quite a show. mount etna in sicily is blasting lava hundreds of feet into the air. molten rivers are flowing down its slopes. so far nearby towns appea
of year the peach would be ripe and it would be that big. >> reporter: at ham orchards in carroll, texas, the signs of drought on this peach farm are obvious. >> they're beginning to stress, these young trees are, with these yellow leaves, inside the tree. >> reporter: dale ham has been a peach farmer for 32 years. has the drought cost you any none? >> yes. a lot. we're having to water 24 hours a day and it's costing us money in fuel, in electricity. >> reporter: he's not alone. severe drought conditions are spread across 14 states. in texas, the period from february to june was the driest since 1917. it may take a hurricane to make things right. until then, ranchers like jim mccord are left high and dry. >> we're in survival mode. we're just trying to survive and do the best we can until conditions get better. >> reporter: but even then relief could be temporary. climate models show another la nina could be forming. the weather phenomenon in the pacific ocean keeps the south drier than normal. that means drought conditions could be on tap again next year. back at ham orchards... >> once
hotter. american airlines struck a big deal today, in fact it was the biggest in aviation history. it's going to spend a reported 38 billion to buy 460 new jets from the world's two biggest airplane manufacturers. but is it a good deal for passengers? maya rodriguez takes a look. >> reporter: when it comes to making airplanes there are no fiercer rivals than buying and airbus, but today they had to share and stage and enthusiasm for the record deal with american airlines. >> i never thought i'd see a back drop with airbus and boeing and american on it, but we have it today. >> reporter: the new planes will begin rolling out by 2013. and will help overhaul americans' aging fleet. american airlines president tom horton says his airline will be the youngest and one of the most fuel efficient in the country. >> this is all about improving our economics and improving our product. >> reporter: american airlines, which lost $286 million in spring, has been hit hard by rising fuel costs. the deal is a major coup for airbus, the european company had not done business with american since the 19
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